A PM is leaving a $1.44-billion pair of value mutual funds from a Midwestern mutual fund shop. A pair of research analysts are rising to fill the departing PM's shoes.
| Adam Peck
Former Vice President, Portfolio Manager- Value Plus and Value Funds, Small Cap Value Plus and Small Cap Value Strategies
In a filing
, Milwaukee, Wisconsin-based Heartland Advisors
] confirms that Adam Peck
resigned from the firm "to pursue other opportunities" effective February 1. He had been a PM on the 31-year-old, two-star, $746-million Heartland Value Fund
and on the 22-year-old, two-star, $691.5-million Heartland Value Plus Fund
. Also on February 1, Heartland research analyst Eric Miller
rose to co-PM of the value fund while Heartland research analyst and small cap value plus strategy PM Andrew Fleming
became co-PM of the value plus fund.
, vice president and director of marketing at Heartland, declined to comment further beyond a release
from the company.
Heartland founder and president Bill Nasgovitz
, who has PMed the Heartland Value Fund since inception at the end of 1984, will continue to PM that fund, now alongside Miller.
| Andrew J. Fleming
Vice President, Portfolio Manager- Value Plus and Small Cap Value Plus Strategy Funds
, who has PMed the Heartland Value Plus Fund since 2006, will continue to PM that fund, now alongside Fleming.
An alumnus of the University of Wisconsin-Madison, Peck first joined Heartland in 2006.
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